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Article: AES Raises $1.58 Billion in New Capital.
- Article from:
- Business Wire
- Article date:
- November 6, 2009
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Also Announces Letter of Intent to Sell 35% Minority Stake in Global Wind Generation Business Valued at $571 Million
ARLINGTON, Va. -- The AES Corporation (NYSE: AES) today announced a binding stock purchase agreement with a wholly-owned investment subsidiary of China Investment Corporation (CIC) to raise $1.58 billion of new equity to fund growth opportunities and extend its global leadership in the power sector. At close, CIC will acquire 125.5 million shares of AES stock for $12.60 per share for an approximate 15 percent stake in the company. AES also announced the signing of a letter of intent with CIC to raise an additional $571 million of equity for an ...